Assertion (A) – Perfectly Elastic demand is infinite.Reasoning (R) – 10 % fall in price leads to 200% increase in demand. (i) (A) is true but (R) is false. (ii) (A) is false but (R) is true. (iii) Both (A) and (R) are true and (R) is the correct explanation of (A).(iv) Both (A) and (R) are true and (R) is not the correct explanation of (A).

Assertion (A) – Perfectly Elastic demand is infinite.Reasoning (R) �

1.	Assertion (A) – Perfectly Elastic demand is infinite.Reasoning (R) – 10 % fall in price leads to 200% increase in demand. (i) (A) is true but (R) is false. (ii) (A) is false but (R) is true. (iii) Both (A) and (R) are true and (R) is the correct explanation of (A).(iv) Both (A) and (R) are true and (R) is not the correct explanation of (A).
Answer» (iii) Both (A) and (R) are true and (R) is the correct explanation of (A).